Young Wallingford. George Randolph Chester
There is no analyzing a creation, an invention. It is not deliberately worked out, step by step. It is a flash of genius. At this moment young Wix created. The principle he evolved was, in fact, to stand him in good stead in a score of “safe” operations, but, just now, it was a gaudy new thing, and its beauty almost blinded him. The same idea had been used by many men before him, but Wix did not know this, and he created it anew.
“Sam,” he said to the cigar-store man next morning, “I want you to invest in The La Salle Grain and Stock Brokerage Company.”
“Not any,” declared Sam. “You have two hundred of my money now.”
“Not the entire roll,” denied Wix. “I only got twelve and one-half per cent.”
“If you’d take twelve and a half per cent. eight times you’d have it all,” retorted Sam. “That’s why I quit. I stood to lose two hundred dollars on a seven-point drop, or win a hundred and seventy-five on an eight-point raise. When I finally figured out that I had the tweezers into my hair going and coming, I didn’t wish any more.”
“But suppose I’d offer you a chance to stand on the other side of the counter and take part of the change?”
“I’d let you stand right here and talk a while. What’s the matter?”
“Haven’t capital enough,” explained Wix. “I think I refused to take a trade of yours one time, just because I had to play safe. I had to be in position to pay off all my losses or quit business.”
“How much are you increasing?” asked Glidden, interested.
“A twenty-five-thousand-dollar stock company: two hundred and fifty shares at a hundred dollars each.”
“I might take a share or two,” said Sam.
“You’ll take twenty,” declared Wix, quite sure of himself. “I want four incorporators besides myself, and I want you to be one of them.”
“Is that getting me the stock any cheaper?”
“Fifty per cent.; two thousand dollars’ worth for a thousand. After we five incorporators are in we’ll raise the price to par and not sell a share for a cent less.”
“How much do you get out of this?” Sam asked, with a leer of understanding.
“Ten per cent. for selling the stock, and have the new company buy over the present one for ten thousand dollars’ worth of shares.”
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